Under a new fossil-fuel friendly administration, there’s only one sure way to stop the Dakota Access Pipeline (DAPL) permanently: Cut Off Bank Financing. We’ve teamed up with a huge coalition to force banks to stop funding the DAPL.
For months the Standing Rock Sioux Tribe, Indigenous peoples, water protectors and allies have been under siege while peacefully resisting DAPL. They have been blasted with water cannons in freezing weather, tear gassed, and shot with rubber bullets.
The pipeline was initially approved without sufficient environmental reviews, adequate assessment of cultural properties and sacred sites, or the Free, Prior and Informed Consent of the Standing Rock Sioux affirmed in the UN Declaration on the Rights of Indigenous Peoples.
In addition to violating sovereign Indigenous rights, continued pipeline construction and any spills pose significant and direct threats to vital clean water supplies and sacred sites for the Standing Rock Sioux, who live less than a mile downstream. This disastrous project is a direct threat to the Missouri River, which provides drinking water to millions of people.
The companies responsible for the pipeline are Energy Transfer Partners and Sunoco Logistics, who have a deplorable track record of pipeline spills and have shown a total disregard for tribal rights, land and water.
On December 4, the Standing Rock Sioux Tribe and other water protectors who’ve been fighting the Dakota Access Pipeline for months won an important, but temporary, victory when the U.S. Army Corps of Engineers denied an easement needed to finish drilling under the Missouri River.
But the Army Corps’ decision did not permanently stop DAPL. In fact, Energy Transfer Partners, one of the companies that is building the pipeline, insists they “fully expect to complete construction of the pipeline without any additional rerouting.”
Aggressive fossil fuel advocates are being named to the incoming Cabinet of the United States, so we know we can’t count on their help. But we know one way to stop this — tell 17 big banks, like Wells Fargo and Citibank, to stop funding the bulldozers, drilling equipment, and private security.
If DAPL does not deliver oil by January 1, shipper contracts will expire and the project will be in jeopardy. These 17 banks haven’t yet disbursed all the loan funds they’ve committed. This means they now face a clear opportunity to reconsider further funding a project steeped in controversy and demonstrating material loss.
We have done this before and we can leverage our power as customers and account holders to pressure these lending banks to defund DAPL.
For thriving communities,
|Rainforest Action Network|